CINOA, La Confédération Internationale des Négociants en Œuvres d’Art, the international confederation of associations of art and antiques dealers, has chosen Sir Nicholas Goodison as the first winner of the CINOA Prize. At the BADA Biennial Banquet on 25 November, 2004 Sir Nicholas was presented with the £10,000 prize money, with which he chose to commission of a piece of furniture for the Fitzwilliam Museum, Cambridge, by the contemporary furniture-makers Wales and Wales. The prize money will also go towards recording Rod and Alison Wales’s life stories (including the progress of this commission) by the National Life Story Collection, the oral history charity associated with the British Library as part of its project to record the lives of contemporary artists and craftspeople.

The new CINOA Prize will be awarded annually in the country hosting the General Assembly of CINOA. Chairman of the panel of judges, Lord Brooke of Sutton Mandeville CH, said: "CINOA’s new annual prize, which recognises those who have made a major contribution to the promotion and development of the fine and decorative arts, is an admirable new development and Sir Nicholas is a worthy first recipient. His choice of commissioning Wales & Wales to make a piece of contemporary furniture for the Fitzwilliam Museum is totally characteristic of the contributions he has made throughout his career."

"It is a great honour to be the CINOA’s first prize-winner," said Sir Nicholas Goodison. "I applaud the principle that the prize money should be applied to a project of benefit to the visual and decorative arts. I have chosen to use it to commission a piece of contemporary furniture for the Fitzwilliam Museum because there is so much marvellous work being produced by designers and craftspeople in Britain today. The Fitzwilliam’s collection of contemporary work does not have a piece by Wales and Wales, whose work is based on a clarity of line and the use of English woods."

Sir Nicholas Goodison retired from the Chairmanship of the Advisory Board of the Courtauld Institute of Art in 2002. He continues as a member of the Courtauld Governing Board and Chairman of The Audit Committee.